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The IRS has received authorization from a U.S. district judge to sniff out individuals who attempt to sidestep taxes on their cryptocurrency transactions.
Another week, another round of perplexing signals about the health of the U.S. economy.
Following the leak of IRS documents that shed additional light on the prevalence of tax dodging among the wealthiest Americans, a group of House Democrats on Thursday said President Joe Biden must swiftly appoint a new Assistant Attorney General for the Tax Division if he hopes to crack down on unlawful evasion tactics. In a letter to Biden, the lawmakers note that it has been more than seven years since there was a Senate-confirmed Assistant Attorney General of the Tax Division at the Justice Department—a leadership void that, according to Rep. Bill Pascrell (D-N.J.), is "helping let milli...
(Reuters) - A federal court in the United States has authorized the Internal Revenue Service (IRS) to serve a "John Doe Summons" on the crypto exchang...
A federal court has authorized the Internal Revenue Service to seek identities of U.S. taxpayers who have used the cryptocurrency Kraken.